Homeownership is for everybody and this June, we want to remind you why.

The month of June is known as Pride Month, but did you know that in real estate, June is also National Homeownership Month? As we come closer to celebrating America’s birthday, we want to raise awareness about the American dream of owning a home.

The journalist Cristian Sarlegui quotes: “To realize the American Dream, the most important thing to understand is that it belongs to everybody. It's a human dream. If you understand this and work very hard, it is possible.” She is not just talking about homeownership, but the benefits that come with owning your own home. 

1. Building wealth. 95% of millionaires in the U.S. own a home, and if you have more than one, you increase your odds of being more than a millionaire.

“Know that there are tons of resources available to help you get your own home.”

2. Tax benefits. Owning real estate gives you significant tax advantages, depending on your situation. You can consult your trusted CPA to see how homeownership can be beneficial to you.

3. Stability. Owning a home offers stability because your monthly payment, excluding taxes, stays the same. In the event that interest rates drop, you can even refinance later to potentially lower your monthly dues.

4. Freedom. You can have the freedom to customize and do what you want with your property because it’s yours—no landlord can tell you what you can or cannot do with it. Additionally, you can pass the property on to your children and future generations. 

Unfortunately, many people don’t believe they can own a home. Recent data shows nearly half of renters don’t believe they can own a home, and this number roughly increased by 11% from last year, according to Qualtrics. If you’re one of those people who believe that homeownership is impossible, know that there are tons of resources available to help you get your own home. Please reach out to us so we can share some resources with you. 

It is our mission to help you achieve home ownership. Call me at (480) 267-9368 or send me an email at Office@GoodCompanyRE.com. Let us help you achieve your American dream of becoming a homeowner.